Center for Community Based

“Description amountother revenue 100”

“Description amountbank fees 532payroll processing 1,200dues and subscription 67membership dues 2,359education & training 385supplies 854software subscriptions 5,889telephone and internet 5,581miscellaneous expenses (9,778)depreciation expense 424insurance expense 5,563marketing expense 61meetings & entertainment 1,347”

“Category beginning of year end of yearprepaid expenses 371 4,307”

“Category beginning of year end of yearaccounts payable 63,902 34,716payroll liabilities 17,283 39,580fiduciary funds 90,778 0”

“The center for community based enterprise is a non-profit organization working to create living-wage jobs through worker-ownership in all of its forms. We provide legal help, technical assistance,education, and collaboration to individuals.”

“.in the 10/01/2023-09/30/2024 tax year, c2be has provided employee ownership exploration services to 45 unique businesses; plus an additional 16 businesses that we worked with in both 2023 and 2024, for a total of 61 businesses..c2be has 3 active businesses getting financial and management assesment for worker ownership, including a project we are working on jointly with another detroit-based cooperative developer..c2be worked with two detroit legacy black-owned businesses, to help them consider employee ownership as an exit strategy..c2be received technical assitance funding via the treasury departments state small business credit initiative (ssbc) technical assistance program. As part of a consortium of four michigan organizations around the state, we are all focused on businesses that center people, with a particular interest in all variations of employee ownership, managed by the michigan economic development corporation.it is the first time in recent history that the state is investing in employee ownership as a business strategy. The funding initiative aims to increase small businesses access to technical assisitance and loan capital, and in this case potential employee owned business as a focus..c2be2 has participated in 12 educational presentations on some aspect of employee ownership to over 450 individuals.”